McKinsey Global Institute
@McKinsey_MGI
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We provide a fact base to aid decision making on the economic and business issues most critical to the world.
Joined August 2011
We’ve identified the next big arenas of competition that will drive economic growth in the new era. These 18 arenas could reshape the global economy, generating $29 trillion to $48 trillion in revenues by 2040.
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Looking back: Our top charts from 2024 📈 . We’ve identified the next big arenas of competition that will drive economic growth in the new era. These 18 arenas could reshape the global economy, generating $29 trillion to $48 trillion in revenues by 2040.
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The arenas of today—transformative industries like consumer electronics and software—have brought sweeping change to our lives. The arenas of tomorrow are likely to bring even greater change. Learn about 18 industries that could shape the global economy:
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The arenas of today—transformative industries like consumer electronics and software—have brought sweeping change to our lives. The arenas of tomorrow are likely to bring even greater change. Learn about 18 industries that could reshape the global economy
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Korean boy band @BTS_twt accounts for $4.65 billion of #SouthKorea’s #GDP, landing it among Korea’s top-grossing companies Samsung, Hyundai, and Kia via @FastCompany
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New report: What the #futureofwork will mean for jobs, skills, and wages Please retweet! #newworldofwork
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🧠 AI software and services🔒 Cybersecurity💨 Future air mobility🤖 Robotics🚘 Electric vehicles. Explore 18 potential arenas that could reshape the global economy:
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How workplace skills will shift: Here's how individuals and companies will need to adjust .#skillshift #futureofwork
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What skills will be in demand in the workplace by 2030?
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How well do you understand your supply chain? What is your company’s exposure if different geopolitical scenarios play out? . As uncertainty ramps up, our research shows that leaders will need much clearer insights across borders.
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🧠 AI software and services.🔒 Cybersecurity .💨 Future air mobility.🤖 Robotics.🚘 Electric vehicles. Explore 18 potential arenas that could reshape the global economy:
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The arenas of today—transformative industries like consumer electronics and software—have brought sweeping change to our lives. The arenas of tomorrow are likely to bring even greater change. Learn about 18 industries that could reshape the global economy
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60% of the world economy will be digital by 2022. How do we make that future inclusive, trustworthy, & sustainable? .#digitaltransformation #digitaleconomy #cybersecurity
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#Smartcities: Do digital solutions give city residents a more livable future? Our research found that cities can use smart tech to save 30–300 lives/year in a city of 5 million. @JonathanWoetzel #FortuneGlobalForum .
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What if #AI could become a valuable tool in the worldwide efforts to achieve the UN’s Sustainable Development Goals? .#SDGs #NextGenUNDP #wef19 #Tech4Good #AIforGood #AI4Good #AIforSocialGood @UNDP.
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Generative AI has the potential to change the future of work. Which jobs will be in demand? .Which ones are shrinking?.And which ones could be hardest to fill?. Read our report:
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In 2017, #SouthKorea was one of the worst countries at reducing inequality. Now it's one of the best. Here's what they did. 🎥: @wef .
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#Smartcities: Do digital solutions give city residents a more livable future? Our new report finds that cities can use smart tech to save 30–300 lives/year in a city of 5 million. #smartcitiesMGI
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#Automation and #AI will accelerate the #skills in the workforce that the workplace needs, including #technological skills and social and #emotional and skills. #futureofwork #skillshift
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With the global economy increasingly interconnected, it’s becoming more important to understand the concentration of global trade. Learn more ➡
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Demand for tech skills is expected to rise 55% by 2030. How can organizations and workers prepare?
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Over the next decade, demand for higher cognitive, technological and social and emotional skills will grow, while physical and manual and basic cognitive skills will decline. With lifelong learning, you too can join the digital workplace via @wef
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Influential #AI researcher @ylecun has devised “an approach that he thinks will one day give machines the common sense they need to navigate the world.” (via @techreview)
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If women participated in economies identically to men, it would add as much as $28 trillion to the global economy, while peace agreements which involve women in their creation and execution are 35% more likely to last. #WD2019 @WomenDeliver @Katja_Iversen.
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For some products, countries rely on many trade partners. For other products, countries rely on very few—like soybeans. Overall, 40% of global trade is the former—with goods concentrated in just a few countries.
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The arenas of today—transformative industries like consumer electronics and software—have brought sweeping change to our lives. The arenas of tomorrow are likely to bring even greater change. Learn about 18 industries that could shape the global economy:
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“In its March 2019 report ‘Digital India,’ McKinsey Global Institute observed that ‘the public sector has been one strong catalyst for India’s rapid digitization.’” (via @c_aashish in @bopinion). Read the full report now: .
In about a decade, India has improved services for hundreds of millions through a combination of mobile phones, the country’s biometric ID system and a program to bank the unbanked, writes @c_aashish via @bopinion.
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Generative AI has the potential to change the future of work. Which jobs will be in demand? .Which ones are shrinking?.And which ones could be hardest to fill?. Read our report:
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How workplace skills will shift: Organizations will need to retrain, redeploy, hire, contract, and release. #skillshift #futureofwork
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🧠 AI software and services🔒 Cybersecurity💨 Future air mobility🤖 Robotics🚘 Electric vehicles. Explore 18 potential arenas that could reshape the global economy:
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#AI will become a much better predictor than humans are, and as the quality of AI prediction goes up, the value of human prediction will fall. via @McKAnalytics.
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What skills will be important for the #futureofwork? Here's what experts from academia and industry say.
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Social and emotional skills – these human traits we can’t yet automate – are expected to rise in demand by 24% by 2030. .#skillshift
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We mapped #ArtificialIntelligence capabilities to their potential use for social good across 10 domains, including #health, #education, #environment, crisis response, and more. #Infographic #Heatmap #Tech4Good
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Different #AI techniques will be more valuable for some industries than others. For example, recurrent #neuralnetworks could be high-impact for #insurance while feed forward networks would be more relevant for #retail. #infographic #heatmap #dataviz
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"If women participated in economies identically to men, it would add as much as $28 trillion to the global economy, while peace agreements which involve women in their creation and execution are 35% more likely to last." @WomenDeliver @Katja_Iversen.
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The demand for #tech skills has been growing since 2002, and it’s expected to increase 55% by 2030.
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These 5 job categories are among the most susceptible to #automation in the US. But that's not the end of the story. (1/2). #futureofwork #AI @antgrasso @ninjaeconomics @tamaramccleary @guzmand @grattongirl @byron_auguste @stevecase @spirosmargaris @raju @bernardmarr
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"Technology is creating an economy in which #superstar employees work for superstar firms that gather them into superstar cities, leading to a stark geographic concentration of wealth unlike any seen in the past century" writes @mims
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From batteries to space to shared autonomous vehicles, some industries have the potential to reshape the global economy. 18 high-growth industries could generate $29-$48 trillion in revenues by 2040. Learn more about these arenas of the future ➡️
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The past 25 years have been a success story for global productivity—with China and India accounting for nearly half of aggregate global productivity growth. But many economies experienced productivity stagnation. Get the global picture in our research 👉
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In the last half century, the global economy has transformed drastically. What will the next 50 years bring?.🎥: @wef.
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Our new report on how technology is changing the consumption and production of #resources is out #SuperCycle
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The introduction of steam engines during the 1800s boosted labor productivity by an estimated 0.3% a year, the impact from robots during the 1990s around 0.4%, and the spread of IT during the 2000s 0.6%. How much impact will #AI have? .
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How are we to prepare for the #futureofwork? Look to Sweden:."The jobs disappear, & then we train people for new jobs. We won’t protect jobs. But we will protect workers," says the Swedish minister for employment and integration. #laborday #AI #automation.
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Five years after we published our first report on big data, we're back with an update. Coming tomorrow, Thursday. #AgeofAnalytics
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We mapped both traditional #analytics and newer #deeplearning techniques, and the problems they can solve, to more than 400 specific use cases in companies and organizations. Here’s what we learned.
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18 emerging economies achieved rapid sustained growth in recent times. We've discovered they all have 2 key factors in common.
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Migrants make up 3.4% of the world’s population but contribute nearly 10% of global GDP. Our report .#MGImigration
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As of May 2018, more than 1,600 bike-sharing programs were in operation worldwide, providing more than 18 million bicycles for public use. 📊: @StatistaCharts.#bikeshare #smartcities #mobility
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As the world's population ages, the shape of population “pyramids” is changing. In most regions, these structures now resemble shallots. In more economically advanced ones, obelisks. How will these changes impact societies and economies?
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. @MorrisAnimal teamed up with research scientist @JanelleCShane to create a #neuralnetwork that names #cats
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China is returning to its historical position as one of the world’s great centers of innovation and technological development.
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🧠 AI software and services🔒 Cybersecurity💨 Future air mobility🤖 Robotics🚘 Electric vehicles. Explore 18 potential arenas that could reshape the global economy:
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🔌 Many countries, especially those that are lower-income, need faster and more significant growth in their power systems to increase access to electricity. Addressing physical challenges in power is fundamental to the entire energy transition ➡️
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INFOGRAPHIC: The pandemic has sparked enormous changes for labor markets—accelerating trends in remote work, digital interactions and transactions, and automation. Check out our new research:
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From batteries to space to shared autonomous vehicles, some industries have the potential to reshape the global economy. 18 high-growth industries could generate $29-$48 trillion in revenues by 2040. Learn more about these arenas of the future ➡️
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China is returning to its historical position as one of the world’s great centers of innovation and technological development.
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New technologies will create new jobs. Will people have the skills to fill them?.#futureofwork #newworldofwork #automation #AI .@antgrasso @psb_dc @georgiafrancesk @MarshaCollier @TamaraMcCleary .
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About 10 years ago, #China accounted for less than 1% of the global e-commerce market; today its share is 42%.
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Of 71 emerging economies analyzed, 18 had strongest consistent growth #China.#HongKong.#Indonesia.#Malaysia.#Singapore.#South Korea.#Thailand.#Azerbaijan.#Belarus.#Cambodia.#Ethiopia.#India.#Kazakhstan.#Laos.#Myanmar.#Turkmenistan.#Uzbekistan.#Vietnam
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Recent advances in robotics, #machinelearning, and #AI are pushing the frontier of what machines are capable of doing in business and the economy. Our #2 trending topic we researched in 2017: What’s next in digital & AI.
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“The robot can pick and sort more than 10,000 different items, and it does this with more than 99% accuracy, according to @CovariantAI.” (via @satariano and @CadeMetz)
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Universal basic income, lifelong learning accounts, work-sharing programs, or portable job benefits?
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At the University of Michigan, MBA grads will be able to return for any executive-level program course tuition-free, as long as they live.
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In Sweden, "we won’t protect jobs. But we will protect workers," says one official. How #Sweden is preparing for #AI and #automation.
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How workplace skills will shift: Organizations will need to retrain, redeploy, hire, contract, and release. #skillshift #futureofwork #infographic
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#Construction is one of the least digitized industries in the world. How to change that. Our new report
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Even bigger than the hype? Our new report shows potential economic impact of #IoT
http://t.co/9MIjABzORu
http://t.co/srgyYP8ovj.
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Around 0.5% of jobs created every year are entirely new. By 2030, we could be looking at another 8 to 9% of jobs in that time period that simply don’t exist today.
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As of May 2018, more than 1,600 bike-sharing programs were in operation worldwide, providing more than 18 million bicycles for public use. 📊: @StatistaCharts.#bikeshare #smartcities #mobility
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We mapped #AI capabilities to their potential use for social good across 10 domains, including #health, #education, #environment, crisis response, and more. #Infographic #Heatmap #Tech4Good
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The demand for #tech skills has been growing since 2002, and it’s expected to increase 55% by 2030.
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Jobs of the future: Skills mismatches are expected to be greatest in #dataanalytics and #IT, web, and mobile design #futureofwork
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Worldwide, 1.1bn workers and $15.8 trillion in wages are associated with activities technically #automatable today
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#Cities are becoming the switchboards of the globalized economy, and for many people it’s exciting to live in them - except for traffic congestion & its emissions. #smartcities via @McKonGov.
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The arenas of today—transformative industries like consumer electronics and software—have brought sweeping change to our lives. The arenas of tomorrow are likely to bring even greater change. Learn about 18 industries that could shape the global economy:
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McKinsey’s latest Global Economics Intelligence is out now, providing vital analysis of the world economy. 📈. Get a summary on global critical trends and risks, plus focused insights on the latest regional developments.
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Cross-border trade in services generate far more economic value than what’s been captured in traditional trade statistics, including the contributions of value added services to physical goods
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#Infographic: the 7 quality-of-life factors where #smartcity solutions can improve lives. #smartcitiesMGI #smartcities
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More than 1 in 3 workers may need to adapt their skills’ mix by 2030, which is more than double the number who could be displaced by #automation. #skillshift.
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"Given the wider use of automation and artificial intelligence, we expect a 55% jump in demand for all types of technological skills, from basic digital knowledge to advanced skills like programming." @SusanLund_DC @eric5555 @ProSyn .
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Economists & historians have shown that places that prospered 100, 500, even 1,000 years ago tend to be more economically developed today. But how? Perhaps roadways built by the Roman empire 2,000 years ago are the key. via @_cingraham.
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Most advanced economies have recently seen declining #productivity, declining capital intensity growth, and declining total factor productivity growth.
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#AI and #automation will create more jobs than they destroy, according to most of our scenarios to 2030. But many jobs will change and require different skills.
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Companies that fully absorb AI over the next five to seven years may double their cash flow; those who don’t could see cash flow decline by about 20%.
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Robots can’t yet replace human creativity – artists, writers, and musicians may see job demand increase in a midpoint automation scenario, especially in developing economies. #NewWorldOfWork
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